Blueprint Investment Partners LLC Acquires 4,934 Shares of AT&T Inc. (NYSE:T)

Blueprint Investment Partners LLC increased its holdings in AT&T Inc. (NYSE:T) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,046 shares of the technology company’s stock after buying an additional 4,934 shares during the period. Blueprint Investment Partners LLC’s holdings in AT&T were worth $821,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of T. Segall Bryant & Hamill LLC bought a new position in shares of AT&T in the third quarter valued at approximately $1,030,000. Intech Investment Management LLC boosted its holdings in AT&T by 1.9% in the 3rd quarter. Intech Investment Management LLC now owns 290,672 shares of the technology company’s stock valued at $6,395,000 after purchasing an additional 5,469 shares during the period. Eagle Asset Management Inc. grew its position in shares of AT&T by 30.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 832,999 shares of the technology company’s stock valued at $18,609,000 after purchasing an additional 195,314 shares in the last quarter. CFS Investment Advisory Services LLC increased its holdings in shares of AT&T by 6.1% in the third quarter. CFS Investment Advisory Services LLC now owns 22,588 shares of the technology company’s stock worth $497,000 after purchasing an additional 1,304 shares during the period. Finally, Allen Capital Group LLC raised its position in shares of AT&T by 20.8% in the third quarter. Allen Capital Group LLC now owns 20,643 shares of the technology company’s stock worth $454,000 after buying an additional 3,549 shares in the last quarter. 57.10% of the stock is currently owned by hedge funds and other institutional investors.

AT&T Stock Performance

Shares of NYSE:T opened at $27.04 on Friday. The company has a current ratio of 0.66, a quick ratio of 0.62 and a debt-to-equity ratio of 1.00. The company has a 50-day moving average price of $25.13 and a 200-day moving average price of $23.30. The company has a market cap of $194.06 billion, a price-to-earnings ratio of 18.14, a price-to-earnings-growth ratio of 3.00 and a beta of 0.56. AT&T Inc. has a 12 month low of $15.94 and a 12 month high of $27.97.

AT&T (NYSE:T) last released its quarterly earnings data on Monday, January 27th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.06. AT&T had a return on equity of 13.97% and a net margin of 8.95%. As a group, equities analysts anticipate that AT&T Inc. will post 2.14 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on T. BNP Paribas upgraded AT&T from a “neutral” rating to an “outperform” rating and set a $28.50 target price on the stock in a research note on Thursday, February 13th. Oppenheimer assumed coverage on shares of AT&T in a research note on Tuesday, December 10th. They issued an “outperform” rating and a $28.00 target price on the stock. Barclays boosted their price target on shares of AT&T from $24.00 to $27.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. Citigroup increased their price target on shares of AT&T from $26.00 to $28.00 and gave the stock a “buy” rating in a report on Wednesday, December 4th. Finally, The Goldman Sachs Group upped their target price on shares of AT&T from $25.00 to $28.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, AT&T currently has an average rating of “Moderate Buy” and an average target price of $26.79.

AT&T Company Profile

AT&T, Inc is a holding company, which engages in the provision of telecommunications and technology services. It operates through the Communications and Latin America segments. The Communications segment offers wireless, wireline telecom, and broadband services to businesses and consumers located in the US and businesses globally.